Protect Your Valuable Assets and Save Your Valuable Case with Lawsuit Funding

You were seriously injured in an auto accident. The insurance company is denying your claim, so you consult an attorney who ultimately takes your case. After you've hired that lawyer and decided not to give up, you begin to wonder: "How am I going to pay my bills? How can I fight this huge, well-financed and powerful insurance company when I can't work and have no income or savings?"

Lawsuit Funding can be a valuable tool for plaintiffs and, if used correctly and strategically, can be a revenue enhancement tool. One example I like to use to demonstrate this point is the case of a Detroit, Michigan woman who was seriously injured in an auto-truck crash when the truck driver fell asleep at the wheel and suddenly veered into her lane. She suffered serious and disabling injuries, as well as emotional trauma due to the extent of the accident. One of her children was killed. This mother was a physically and emotionally unable to work, and unable to otherwise support herself, her kids, and her case. Her bills and expenses began to accrue and her house payments were several months behind. The bank even threatened foreclosure. The insurance company offered $500,000 to settle her case. Instead, her lawyer recommend lawsuit funding. After her case was carefully reviewed, a series of lawsuit cash advances were recommended. The first, $30,000, went to pay her past due mortgage bills and other important obligations. Because physical and emotional issues continued to disable her from working, the funding company worked with her to create a monthly draw equal to her monthly expenses. Less than a year later, the case resolved for $2.1 million; the lawsuit funding advance was repaid from the case proceeds.

This case underscores the need for, and power of, lawsuit financing in serious injury and wrongful death litigation. Lawsuit funding is a great equalizer; the money that cash-strapped plaintiffs need to get from an earlier stage in the lawsuit to its conclusion. A well-placed non-recourse cash advance will often prevent the plaintiff from being forced to settle early and cheap; it levels the playing field and gives plaintiffs the staying power to slay Goliath.

How is lawsuit funding different from a traditional bank loan? First of all, there is no credit check or credit 'hit'. Employment history is also not required. Unlike a traditional bank loan, there are no monthly payments which would only increase a plaintiff’s financial distress. Most importantly, unlike a traditional bank loan which must be paid back no matter what, a lawsuit cash advance is only repaid if the case succeeds. If the case fails, the litigation funding company loses its capital investment; the plaintiff owes nothing!

There are many legal finance companies to choose from. If you are seeking lawsuit funding, make sure you do your homework and compare funding companies. If one seeks to assert control over the litigation in question, that is an unethical practice and, probably, a breach of the contract. Further, an ethical lawsuit funding company will not seek profit at a level that prevents fair settlement. The ethical lawsuit funding company will provide an appropriate compromise, when necessary, to facilitate a fair settlement to all.

Lawsuit Financial provides lawsuit funding for most personal injury and wrongful death cases, disability cases and other insurance cases. We have more combined litigation and litigation funding experience than any other company in the lawsuit finance marketplace. Even if you are considering lawsuit funding from another company, call us at 1-877-377-SUIT (7848) for a free, no-obligation consultation regarding your lawsuit and your lawsuit finance situation. The call is free and the advice could protect your valuable assets and, above all, save your valuable case.